In addition to its geopolitical position as a major global oil transit chokepoint, Yemen is reported to hold some of the world’s greatest untapped oil reserves. Yemen’s Masila Basin and Shabwa Basin are reported by international oil companies to contain “world class discoveries.”

10 France’s Total and several smaller international oil companies are engaged in developing Yemen’s oil production. Some fifteen years ago I was told in a private meeting with a well-informed Washington insider that Yemen contained “enough undeveloped oil to fill the oil demand of the entire world for the next fifty years.”